The 5 Habits Billionaires Run Daily! (Try This To Change Your Life) | Tom Bilyeu (Replay)
Tom Bilyeu interviews Dean Graziosi and Robin Sharma about billionaire habits, identity, personal mastery, and creativity. They discuss how daily routines, gratitude, working out, managing energy, and rewriting limiting beliefs can transform lives, along with practical strategies for building wealth and maintaining high performance.
Summary
The conversation explores five key habits that billionaires practice daily: curiosity, commitment to growth, gratitude practice, controlled mornings, and consistent exercise. Graziosi shares his journey from poverty and shame to building multiple successful businesses, emphasizing that his breakthrough came when a friend asked what he was grateful for—leading him to practice gratitude stacking, which shifted his mindset and attracted better opportunities.
Both speakers emphasize identity as a thermostat that governs life outcomes. Graziosi explains that identity can be shifted through proximity to successful people, short bursts of intense achievement, and recognizing natural gifts. He illustrates how his dad's belief that 'you should do everything yourself' limited his success, whereas hiring help for the lawn allowed him to focus on higher-ROI activities—a turning point in his entrepreneurial journey.
On daily routines, Sharma introduces the 20-20-20 formula for the 5 a.m. method: 5-5:20 for sweaty exercise (to release neurotransmitters and reduce cortisol), 5:20-5:40 for reflection (meditation, journaling, visualization), and 5:40-6:00 for growth (learning and curiosity). Graziosi details his morning rituals including cold exposure, prayer, meditation, and a 30-minute phone-free period.
The speakers discuss managing limiting beliefs and rewriting personal narratives. Graziosi describes hitting rock bottom when his Motor Millions business failed spectacularly—he faced $100,000 in refunds and thought his limiting beliefs were confirmed. He overcame this by recognizing that whether you're managing a $300K or $10M company, stress levels are similar; the key is upgrading your problems, not avoiding them. Both emphasize that the stories we tell ourselves about what's possible are often lies we've inherited from parents and society.
On creativity and writing, Tom Bilyeu shares how anger serves as fuel for breaking through writer's block, and how morning pages (Julia Cameron's practice) function as 'spiritual windshield wipers' to clear mental clutter. They discuss copywriting faults (Dan Carlin's concept of turning weaknesses into signature traits) and the 95% versus 100% principle—that extreme perfectionism often leads to avoidance and burnout, whereas achieving 95% sustainably yields better long-term results.
Sharma introduces the Four Interior Empires (mindset, heartset, healthset, and soulset) as the foundation for personal mastery, arguing that working on character, authenticity, and bravery is as important as psychology. He uses Nelson Mandela's example—his ability to forgive his oppressors showed that suffering processed through wisdom creates leadership capacity.
On identity and declaring intentions, Bilyeu describes his transformation from aspiring filmmaker in poverty to successful entrepreneur by consciously deciding to adopt the identity of someone who lifts, builds businesses, and pursues excellence—and announcing these intentions to others to create accountability. Graziosi and Sharma both emphasize that identity is malleable and that visualization of future scenarios (both positive and consequences of inaction) creates urgency for change.
The speakers address family patterns and inherited beliefs, arguing that questioning everything—religious beliefs, political affiliations, money mindsets—is necessary for freedom. They stress that parents pass down limited psychology, and breaking these patterns requires conscious examination. Graziosi shares how he managed his divorced parents at his wedding by setting clear expectations upfront.
Finally, both discuss the importance of managing expectations with others, choosing one serious goal paired with one absurd goal to reduce performance pressure, and understanding that criticism and hate from others never stops—successful people must simply accept this reality and focus on inner alignment rather than external validation.
About this episode
<p>Roughly 1% of the world is said to be millionaires, and the fraction of the worldwide population that are billionaires are even fewer. So, no bullsh*t, what does it take to become a billionaire, or even a millionaire. The answer comes down to habits and mindset.</p><p>Ultra-successful people think and move differently from everyone else. You may have heard Jim Rohn’s quote, “successful people do what unsuccessful people are not willing to do.” This applies across the board. If billion dollar status is a goal, and being ultra wealthy and successful is high on your list of priorities, start today with your habits. Focus on the right things that create forward progress, ask the hard questions, and question everything.</p><p>In this episode, 5 ultra-successful guests share what it takes and explain the inner workings and habits you can start to adopt and apply immediately. Dean Graziosi is an entrepreneur and investor that changed his life through real estate. Robin Sharma, former attorney turned leadership expert, has written books such as The 5 AM Club and The Monk Who Sold His Ferrari changed his life through spirituality. Ed Mylett is a peak performance expert and author of The Power of One More. Patrick Bet-David is the ultra-successful businessman from humble beginnings and author of Your Next Five Moves. Tim Ferris is an entrepreneur and investor that started the mega successful “4-Hour” self help series among other popular best selling books.</p><p>“It is incredibly empowering to know that your future is in your hands.” Keanu Reeves</p><p><br /></p><p>[Original air date: 6-30-22].</p><p><br /></p><p>SHOW NOTES:</p><p>0:00 | Introduction to Billionaire Habits</p><p>0:22 | Outsource Tasks That Don’t Make Money</p><p>22:43 | High Achievers Do This Every Morning</p><p>43:37 | Build Your Body Build Success</p><p>1:05:02 | Reflect on Your Life Every Day</p><p>1:27:47 | Build Creativity & Apply Application</p><p><br /></p><p>SPONSORS:</p><p>Keep your ride-or-die alive at <a href="https://ebaymotors.com" target="_blank">https://EbayMotors.com</a></p><p>Explore the Range Rover Sport at <a href="https://landroverusa.com" target="_blank">https://landroverusa.com</a></p><p>NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to <a href="https://netsuite.com/THEORY" target="_blank">https://netsuite.com/THEORY</a>. </p><p>Use this link and Hartford Gold will give you up to $15,000 dollars of FREE silver on your first qualifying: <a href="http://order.offers.americanhartfordgold.com/content-affiliate/?&leadsource=affiliate&utm_sfcampaign=701Rb000009EnmrIAC" target="_blank">order.offers.americanhartfordgold.com/content-affiliate/?&leadsource=affiliate&utm_sfcampaign=701Rb000009EnmrIAC</a></p><p>Start your free online visit today at <a href="https://hims.com/IMPACT" target="_blank">https://Hims.com/IMPACT</a> for your personalized ED treatment options. </p><p>Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at <a href="https://bit.ly/AG1Impact" target="_blank">https://drinkag1.com/impact</a>.</p><p>Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to <a href="https://aura.com/IMPACT" target="_blank">https://aura.com/IMPACT</a> to start your free two-week trial.</p><p>Take control of your gut health by going to <a href="https://tryviome.com/impact" target="_blank">https://tryviome.com/impact</a> and use code IMPACT to get 20% off your first 3 months and free shipping.</p><p><br /></p><p><strong>FOLLOW TOM:</strong></p><p>Instagram: https://www.instagram.com/tombilyeu/</p><p>Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en</p><p>Twitter: https://twitter.com/tombilyeu</p><p>YouTube: <a href="https://www.youtube.com/@TomBilyeu" target="_blank">https://www.youtube.com/@TomBilyeu</a></p><p><br /></p><p><strong>What's up, everybody?</strong> It's Tom Bilyeu here. If you're serious about leveling up your life, I urge you to check out my new podcast,<a href="https://open.spotify.com/show/47VE90Cittmo6TGGFqg2xf" target="_blank"> <strong>Tom Bilyeu’s Mindset Playbook</strong></a> —<strong>a goldmine of my most impactful episodes on mindset, business, and health.</strong> Trust me, your future self will thank you.</p><p><br /></p><p><strong>LISTEN AD FREE + BONUS EPISODES on APPLE PODCASTS</strong>: <a href="http://apple.co/impacttheory" target="_blank">apple.co/impacttheory</a></p><p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices" target="_blank">megaphone.fm/adchoices</a></p><p>See Privacy Policy at <a href="https://art19.com/privacy" rel="noopener noreferrer" target="_blank">https://art19.com/privacy</a> and California Privacy Notice at <a href="https://art19.com/privacy#do-not-sell-my-info" rel="noopener noreferrer" target="_blank">https://art19.com/privacy#do-not-sell-my-info</a>.</p>
Key Insights
- Graziosi argues that billionaires share one defining trait: relentless curiosity and a 'white belt mentality' where no matter their success level, they maintain beginner's mind and commitment to daily growth.
- The reticular activating system in the brain responds to the messaging we give ourselves; when Graziosi started stacking gratitude, his brain literally began noticing more things to be grateful for, which altered his state and behavior.
- Identity functions like a thermostat set to a specific temperature—external circumstances may fluctuate, but people unconsciously regulate their lives back to their identity set point, making identity shifts the key to permanent change.
- Graziosi contends that the difference between his success and his father's struggle was recognizing that paying someone $50 to mow the lawn so he could make thousands flipping cars was a vastly superior ROI—yet his father's belief system made this seem immoral.
- Sharma argues that the reasonable man adapts to the world while the unreasonable man persists in adapting the world to himself, and all progress depends on the unreasonable; society and parents suppress this natural drive in children.
- Bilyeu discovered that declaring his identity to others (announcing he would look like Hugh Jackman) created accountability pressure that actually drove behavioral change, contrary to some advice suggesting declarations invite failure.
- Graziosi claims that trauma and limiting beliefs aren't overcome by mindset alone; the Four Interior Empires (mindset, heartset, healthset, soulset) shows that processing emotional pain through journaling and working on character is equally essential.
- The 95% versus 100% principle reveals that extreme perfectionism often backfires—Sivers' bike riding became joyful and faster when he stopped obsessing over sub-43-minute times and just rode at 95% effort for enjoyment.
- Sharma contends that journaling deconstructs experiences and creates awareness of when you're at your best, allowing you to make consistently better daily choices that compound into transformed lives.
- Graziosi emphasizes that when his $10M Motor Millions business collapsed, he realized stress and emotional weight are similar whether managing $300K or $10M—the real leverage is in 'upgrading your problems,' not avoiding them.
- Both speakers argue that the stories we tell ourselves about limitations (small town, no degree, wrong family) are usually lies we've inherited rather than reality, and can be reversed by finding counter-examples of others succeeding despite identical circumstances.
- Bilyeu learned through observation that if you pair one serious goal with one absurd goal, the absurd one serves as a psychological pressure release valve that paradoxically improves performance on the serious goal by reducing stress and diversifying identity.
Topics
Transcript
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